Infrastructure Capital Advisors LLC Invests $222,000 in Twitter Inc (NYSE:TWTR)

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Infrastructure Capital Advisors LLC acquired a new position in shares of Twitter Inc (NYSE:TWTR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,358 shares of the social networking company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also modified their holdings of TWTR. Resources Investment Advisors LLC. bought a new stake in shares of Twitter during the second quarter valued at approximately $30,000. Optimus Prime Fund Management Co. Ltd. bought a new stake in shares of Twitter during the 2nd quarter worth about $35,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Twitter by 265.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,101 shares of the social networking company’s stock worth $40,000 after buying an additional 800 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Twitter by 77.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,171 shares of the social networking company’s stock worth $38,000 after buying an additional 510 shares during the period. Finally, Joseph P. Lucia & Associates LLC bought a new stake in shares of Twitter during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 69.64% of the company’s stock.

TWTR has been the subject of several research analyst reports. Nomura lifted their target price on shares of Twitter from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Goldman Sachs Group set a $52.00 price objective on shares of Twitter and gave the company a “buy” rating in a report on Friday, July 26th. Consumer Edge assumed coverage on shares of Twitter in a report on Friday, May 17th. They issued an “equal weight” rating and a $38.30 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 price objective (up previously from $32.00) on shares of Twitter in a report on Tuesday, August 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Twitter from $41.00 to $44.00 and gave the company a “hold” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.35.

In related news, insider Michael Montano sold 1,250 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $36.30, for a total value of $45,375.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.65, for a total transaction of $243,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,693 shares of company stock worth $5,015,591. Company insiders own 2.65% of the company’s stock.

Shares of TWTR stock traded up $0.15 during trading hours on Thursday, hitting $43.40. 219,348 shares of the company’s stock were exchanged, compared to its average volume of 15,752,375. The company has a market capitalization of $33.43 billion, a PE ratio of 78.91, a PEG ratio of 0.91 and a beta of 0.58. Twitter Inc has a 12-month low of $26.19 and a 12-month high of $45.85. The business’s 50 day simple moving average is $41.97 and its 200-day simple moving average is $37.08. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.29.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $841.40 million for the quarter, compared to the consensus estimate of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Equities analysts anticipate that Twitter Inc will post 2.06 EPS for the current year.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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